Current Data are:NOI using previous tax assessments is 37,000 per yearAnnual Rents are 43,200 per yearCurrent accepted cap rate for comparable sales in the past year is 10%With these numbers, the sellers are using a cap rate of approximately 9.25% BUT using previously ridiculously low property tax payments of 2400 per year.

Or, they could put a cap on the number of rentals allowed in the development.

If you have 100% of the lots rented, you are looking at an income of $1125/month for a cap rate of 18.75%, which is excellent, but currently it is less than half that.

Check if they have a cap on the number of units that can be non-owner occupied in the community.

You can create a cap rate for one, but it's a wild guess when the information to determine your expenses is much more evident than with a commercial multi-family.There's so much information on BP.

When we do this, we typically negotiate a commission of 3-5% on a residential property and a capped/flat-rate fee on a larger property.

I could look at comps and local rental rates and estimate expenses, but I'm also curious what investors themselves would expect for a cap rate in this area. 

You can ask for hourly fee with a cap or pay a fixed fee.

It may have a cap around 8% based off my market. 

Hey guys,I've been doing the numbers for a few properties, and I'm wondering what type of CAP rates you usually tend to want with a decently maintained clean house with hardly any issues.Some of the homes that I've recently looked at have decent CAP rates but the amount of work that needs to be put into them makes them undesirable (Water damage, caving in floors, Leaks and Roofs going bad).What is a CAP rate you usually end up getting with your properties and or look for in any properties?